Politico reports Ireland's Data Protection Commission fined Meta's Instagram 405 million euros for children's privacy violations under the EU General Data Protection Regulation. The fine, which is the second-largest GDPR penalty to ever be handed down, covers alleged violations stemming from Instagram's default account settings for children ages 13-17 that exposed email addresses and phone numbers associated with child-operated accounts. The investigation into the allegations began in October 2020 and the preliminary decision by the DPC was subject to a dispute resolution procedure under Article 65 of the GDPR. A Meta spokesperson said the fine concerns "old settings that we updated over a year ago" and it is "carefully reviewing their final decision."